208 Lofts Over Retail is Next Vulcan Project

The development site, at the northeast corner of Denny Way and Westlake Avenue North, sits across the street from 2200 Westlake, a much larger Vulcan project that is under construction and will include a 47,000-sf Whole Foods Market, a 160-room Pan Pacific hotel, 260 condominiums that are 90% sold and other retail services.

Ranging from 700 sf to over 2000 sf, the "Rollin Street" units will have high ceilings and large open, artistic spaces that that can be sectioned off with room dividers and sliding doors. Prices will range from the $300's to over $1 million.

Units will have gourmet kitchens, hardwood floors, roomy decks and fireplaces. Floor-to-ceiling windows will provide views of Lake Union, the Space Needle and Downtown. Common area amenities will include underground parking, a roof deck gas grills and seating areas, and additional seating areas on top of the retail podium that will serve as a community gathering space.

Vulcan is planning to develop Rollin Street as a sustainable, eco-friendly project that will qualify for LEED certification. Reservations for the new development will begin in spring 2006. Construction will start in fall 2006 and occupancy is scheduled for fall 2008.

The project designer for Rollin Street is Ankrom Moisan, the Portland, OR-based architecture firm known for its residential design work in Portland's Pearl District. Seattle-based Howard S. Wright Construction is the contractor.

Vulcan owns approximately 60 acres in Seattle's South Lake Union neighborhood, has about 900,000 sf currently under development and another 3 million sf is in the development pipeline. It is currently planning 10 new residential projects in the South Lake Union area over the next few years. Some of those projects include:

Veer Lofts – A new condo development at 9th Avenue North and Harrison Street in South Lake Union, the 72,500-sf development is targeted for first-time homebuyers and will include 94 homes featuring a mix of mezzanine and full height lofts, as well as 4,000 sf of retail. Construction is scheduled to start this summer.

The Martin – At 5th Avenue and Lenora Street in Seattle's Belltown neighborhood, Vulcan is planning a 150,000-sf project with 170 condominium homes. The 24-story project would include 4,000 sf of retail space on 5th Avenue. Construction is scheduled to start this summer.

2201 Westlake – A new 450,000-sf, mixed-use development located across the street from 2200 Westlake that is currently in the design stage. The 2201 Westlake project will include 25,000 sf of retail, 300,000 sf of office space and 121 condos. Construction is anticipated to begin in 2006.

Alley24 – A new 362,000-sf, mixed-use project located at 223 Yale Ave. N across from the flagship REI store that will include 172 apartments as well as 182,000 square feet of office and 29,000 square feet of retail space. Pre-leasing for Alley24's apartments will begin in March 2006 and open for occupancy in April 2006.